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IOOF

Financial planning

A “cut down” version of advice will cost as much as holistic advice and the industry needs services for those who cannot afford advice that do not involve personal circum...

Financial planning

IOOF is planning to use the next three years to breakeven MLC Wealth and has turned its acquisition focus into an organic growth focus. ...

Funds management

The firm posted an underlying profit after tax increase of 19.2% despite drops in revenue for advice and investment management for FY21....

Financial planning

The last quarter of the 2021 financial year saw IOOF lose 33 self-employed advisers leading to an outflow of $2.2 billion but this was marginally offset by inflows of $0....

Financial planning

The first phase has seen 38,827 client accounts and approximately $5 billion in funds under administration migrated to the new system. ...

Financial planning

There will be more advice practices popping up to service clients that only want once-off advice and those practices need to invest in technology to lower the cost of adv...

Financial planning

This week 103 advisers left the industry during a period which saw a lot of adviser movement thanks to IOOF finalising its absorption of MLC Wealth advisers. ...

Financial planning

With its acquisition of MLC Wealth, IOOF now has around 1,500 authorised representatives surpassing AMP’s 1,443. ...

Funds management

There are four funds set to benefit from the completion of the acquisition of MLC Wealth by IOOF from National Australia Bank, which makes it Australia’s largest wealth m...

Financial planning

The acquisition has doubled the size of the IOOF business to $494 billion in funds under management and will see a single senior leadership and management structure in pl...

Awards

Being defensively positioned before and during the worst of the pandemic has helped the Quay Global Real Estate fund win the Global Property Securities category at this y...

Awards

Taking the time to look away from industry leaders and source boutique investment managers has helped the IOOF MultiMix Balanced Growth win at this year’s Money Managemen...

Funds management

The partnership will see Invesco manage over $23 billion in index investments with the ANZ pensions and investments business that was acquired by IOOF....

Funds management

With Centrepoint Alliance returning 230%, which funds are offering exposure to the wealth management space?...

Funds management

In a period of regulatory change and market volatility, one wealth manager is leading the charge in share price performance after a difficult few years....

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MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 week 1 day ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 month ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month 1 week ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week 3 days ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks 3 days ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

2 weeks 5 days ago